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Guarantor and Non-Guarantor Financial Information (Tables)
12 Months Ended
Sep. 30, 2017
Guarantor and Non-Guarantor Financial Information [Abstract]  
Condensed Supplemental Consolidated Financial Information
Condensed Supplemental Consolidated Statements of Operations
 
 
 
Fiscal 2017
 
 
 
Parent
  
Issuer
  
Guarantor
Subsidiaries
  
Non-
Guarantor
Subsidiaries
  
Eliminations
  
Total
 
Net sales
 
$
  
$
587
  
$
4,861
  
$
1,647
  
$
  
$
7,095
 
Cost of goods sold
  
   
438
   
3,920
   
1,333
   
   
5,691
 
Selling, general and administrative
  
   
55
   
335
   
104
   
   
494
 
Amortization of intangibles
  
   
6
   
120
   
28
   
   
154
 
Restructuring and impairment charges
  
   
   
14
   
10
   
   
24
 
Operating income
  
   
88
   
472
   
172
   
   
732
 
Debt extinguishment
  
   
10
   
   
   
   
10
 
Other (income) expense, net
  
   
(2
)
  
(1
)
  
7
   
   
4
 
Interest expense, net
  
   
12
   
229
   
28
   
   
269
 
Equity in net income of subsidiaries
  
(449
)
  
(341
)
  
   
   
790
   
 
Income (loss) before income taxes
  
449
   
409
   
244
   
137
   
(790
)
  
449
 
Income tax expense (benefit)
  
109
   
69
   
   
40
   
(109
)
  
109
 
Net income (loss)
 
$
340
  
$
340
  
$
244
  
$
97
  
$
(681
)
 
$
340
 
Currency translation
  
34
   
   
   
34
   
(34
)
  
34
 
Interest rate hedges
  
28
   
28
   
   
   
(28
)
  
28
 
Defined benefit pension and retiree health benefit plans
  
38
   
25
   
   
13
   
(38
)
  
38
 
Provision for income taxes related to other comprehensive income items
  
(20
)
  
(20
)
  
   
   
20
   
(20
)
Comprehensive  income (loss)
 
$
420
  
$
373
  
$
244
  
$
144
  
$
(761
)
 
$
420
 
 
 
 
Fiscal 2016
 
 
 
Parent
  
Issuer
  
Guarantor
Subsidiaries
  
Non-
Guarantor
Subsidiaries
  
Eliminations
  
Total
 
Net sales
 
$
  
$
599
  
$
4,220
  
$
1,670
  
$
  
$
6,489
 
Cost of goods sold
  
   
476
   
3,388
   
1,338
   
   
5,202
 
Selling, general and administrative
  
   
72
   
324
   
135
   
   
531
 
Amortization of intangibles
  
   
8
   
107
   
28
   
   
143
 
Restructuring and impairment charges
  
   
   
28
   
4
   
   
32
 
Operating income
  
   
43
   
373
   
165
   
   
581
 
Debt extinguishment
  
   
4
   
   
   
   
4
 
Other (income) expense, net
  
   
11
   
(211
)
  
178
   
   
(22
)
Interest expense, net
  
   
36
   
205
   
50
   
   
291
 
Equity in net income of subsidiaries
  
(308
)
  
(279
)
  
   
   
587
   
 
Income (loss) before income taxes
  
308
   
271
   
379
   
(63
)
  
(587
)
  
308
 
Income tax expense (benefit)
  
72
   
34
   
8
   
29
   
(71
)
  
72
 
Net income (loss)
 
$
236
  
$
237
  
$
371
  
$
(92
)
 
$
(516
)
 
$
236
 
Currency translation
  
(1
)
  
   
   
(1
)
  
1
   
(1
)
Interest rate hedges
  
(14
)
  
(14
)
  
   
   
14
   
(14
)
Defined benefit pension and retiree health benefit plans
  
(23
)
  
(10
)
  
   
(13
)
  
23
   
(23
)
Provision for income taxes related to other comprehensive income items
  
9
   
9
   
   
   
(9
)
  
9
 
Comprehensive  income (loss)
 
$
207
  
$
222
  
$
371
  
$
(106
)
 
$
(487
)
 
$
207
 
 
 
 
Fiscal 2015
 
 
 
Parent
  
Issuer
  
Guarantor
Subsidiaries
  
Non-
Guarantor
Subsidiaries
  
Eliminations
  
Total
 
Net sales
 
$
  
$
622
  
$
3,807
  
$
452
  
$
  
$
4,881
 
Cost of goods sold
  
   
526
   
3,128
   
358
   
   
4,012
 
Selling, general and administrative
  
   
64
   
244
   
49
   
   
357
 
Amortization of intangibles
  
   
8
   
75
   
8
   
   
91
 
Restructuring and impairment charges
  
   
   
13
   
   
   
13
 
Operating income
  
   
24
   
347
   
37
   
   
408
 
Debt extinguishment
  
   
94
   
   
   
   
94
 
Other (income) expense, net
  
(3
)
  
   
3
   
1
   
   
1
 
Interest expense, net
  
   
25
   
148
   
18
   
   
191
 
Equity in net income of subsidiaries
  
(119
)
  
(210
)
  
   
   
329
   
 
Income (loss) before income taxes
  
122
   
115
   
196
   
18
   
(329
)
  
122
 
Income tax expense (benefit)
  
36
   
25
   
   
4
   
(29
)
  
36
 
Net income (loss)
 
$
86
  
$
90
  
$
196
  
$
14
  
$
(300
)
 
$
86
 
Currency translation
  
(45
)
  
   
   
(45
)
  
45
   
(45
)
Interest rate hedges
  
(33
)
  
(33
)
  
   
   
33
   
(33
)
Defined benefit pension and retiree health benefit plans
  
(16
)
  
(16
)
  
   
   
16
   
(16
)
Provision for income taxes related to other comprehensive income items
  
18
   
18
   
   
   
(18
)
  
18
 
Comprehensive  income (loss)
 
$
10
  
$
59
  
$
196
  
$
(31
)
 
$
(224
)
 
$
10
 
 
Condensed Supplemental Consolidated Balance Sheet
As of fiscal year end 2017
 
 
 
Parent
  
Issuer
  
Guarantor
Subsidiaries
  
Non-
Guarantor
Subsidiaries
  
Eliminations
  
Total
 
Assets
                  
Current assets:
                  
Cash and cash equivalents
 
$
  
$
18
  
$
12
  
$
276
  
$
  
$
306
 
Accounts receivable, net
  
   
49
   
503
   
295
   
   
847
 
Intercompany receivable
  
512
   
2,217
   
   
   
(2,729
)
  
 
Inventories
  
   
42
   
567
   
153
   
   
762
 
Prepaid expenses and other current
  
   
7
   
31
   
51
   
   
89
 
Total current assets
  
512
   
2,333
   
1,113
   
775
   
(2,729
)
  
2,004
 
Property, plant and equipment, net
  
   
80
   
1,564
   
722
   
   
2,366
 
Goodwill and intangible assets, net
  
   
79
   
3,476
   
506
   
   
4,061
 
Investment in subsidiaries
  
992
   
5,240
   
1,105
   
   
(7,337
)
  
 
Other assets
  
   
16
   
2
   
27
   
   
45
 
Total assets
 
$
1,504
  
$
7,748
  
$
7,260
  
$
2,030
  
$
(10,066
)
 
$
8,476
 
Liabilities and equity
                        
Current liabilities:
                        
Accounts payable
 
$
  
$
43
  
$
356
  
$
239
  
$
  
$
638
 
Accrued expenses and other current liabilities
  
36
   
168
   
181
   
78
   
   
463
 
Intercompany payable
  
   
   
2,667
   
62
   
(2,729
)
  
 
Current portion of long-term debt
  
   
32
   
   
1
   
   
33
 
Total current liabilities
  
36
   
243
   
3,204
   
380
   
(2,729
)
  
1,134
 
Long-term debt, less current portion
  
   
5,579
   
29
   
   
   
5,608
 
Deferred income taxes
  
419
   
   
   
   
   
419
 
Other long-term liabilities
  
34
   
128
   
70
   
68
   
   
300
 
Total long-term liabilities
  
453
   
5,707
   
99
   
68
   
   
6,327
 
Total liabilities
  
489
   
5,950
   
3,303
   
448
   
(2,729
)
  
7,461
 
 
                        
Total equity (deficit)
  
1,015
   
1,798
   
3,957
   
1,582
   
(7,337
)
  
1,015
 
Total liabilities and equity (deficit)
 
$
1,504
  
$
7,748
  
$
7,260
  
$
2,030
  
$
(10,066
)
 
$
8,476
 
 
Condensed Supplemental Consolidated Balance Sheet
As of fiscal year end 2016
 
  
Parent
  
Issuer
  
Guarantor Subsidiaries
  
Non-
Guarantor Subsidiaries
  
Eliminations
  
Total
 
Assets
                  
Current assets:
                  
Cash and cash equivalents
 $
  $
102
  $
5
  $
216
  $
  $
323
 
Accounts receivable, net
  
   
(2
)
  
423
   
283
   
   
704
 
Intercompany receivable
  
364
   
2,797
   
   
   
(3,161
)
  
 
Inventories
  
   
46
   
477
   
137
   
   
660
 
Prepaid expenses and other current
  
   
15
   
40
   
50
   
   
105
 
Total current assets
  
364
   
2,958
   
945
   
686
   
(3,161
)
  
1,792
 
Property, plant and equipment, net
  
   
76
   
1,434
   
714
   
   
2,224
 
Goodwill and intangible assets, net
  
   
85
   
2,988
   
533
   
   
3,606
 
 Investment in subsidiaries
  
302
   
4,010
   
1,105
   
   
(5,417
)
  
 
 Other assets
  
   
6
   
1
   
24
   
   
31
 
 Total assets
 $
666
  $
7,135
  $
6,473
  $
1,957
  $
(8,578
)
 $
7,653
 
 Liabilities and equity
                        
 Current liabilities:
                        
Accounts payable
 $
  $
(7
)
 $
327
  $
219
  $
  $
539
 
Accrued expenses and other current liabilities
  
60
   
172
   
153
   
64
   
   
449
 
Intercompany payable
  
   
   
2,992
   
169
   
(3,161
)
  
 
Current portion of long-term debt
  
   
42
   
   
1
   
   
43
 
Total current liabilities
  
60
   
207
   
3,472
   
453
   
(3,161
)
  
1,031
 
Long-term debt, less current portion
  
   
5,681
   
29
   
2
   
   
5,712
 
Deferred income taxes
  
272
   
   
   
   
   
272
 
Other long-term liabilities
  
113
   
141
   
97
   
66
   
   
417
 
Total long-term liabilities
  
385
   
5,822
   
126
   
68
   
   
6,401
 
Total liabilities
  
445
   
6,029
   
3,598
   
521
   
(3,161
)
  
7,432
 
                         
Total equity (deficit)
  
221
   
1,106
   
2,875
   
1,436
   
(5,417
)
  
221
 
Total liabilities and equity (deficit)
 $
666
  $
7,135
  $
6,473
  $
1,957
  $
(8,578
)
 $
7,653
 
 
Condensed Supplemental Consolidated Statements of Cash Flows

 
 
Fiscal 2017
 
 
 
Parent
  
Issuer
  
Guarantor
Subsidiaries
  
Non-
Guarantor
Subsidiaries
  
Eliminations
  
Total
 
Cash Flow from Operating Activities
 
$
  
$
128
  
$
647
  
$
200
  
$
  
$
975
 
 
                        
Cash Flow from Investing Activities
                        
Additions to property, plant and equipment
  
   
(19
)
  
(209
)
  
(41
)
  
   
(269
)
Proceeds from sale of assets
  
   
1
   
5
   
   
   
6
 
Investment in Parent
  
   
   
   
   
   
 
(Contributions) distributions to/from subsidiaries
  
(31
)
  
(484
)
  
   
   
515
   
 
Intercompany advances (repayments)
  
   
428
   
   
   
(428
)
  
 
Acquisition of business, net of cash acquired
  
   
   
(515
)
  
   
   
(515
)
Other investing activities, net
  
   
4
   
   
   
   
4
 
Net cash from investing activities
  
(31
)
  
(70
)
  
(719
)
  
(41
)
  
87
   
(774
)
 
                        
Cash Flow from Financing Activities
                        
Proceeds from long-term borrowings
  
   
495
   
   
   
   
495
 
Repayment of long-term borrowings
  
   
(632
)
  
(3
)
  
(1
)
  
   
(636
)
Proceed from issuance of common stock
  
31
   
   
   
   
   
31
 
Payment of tax receivable agreement
  
(111
)
  
   
   
   
   
(111
)
Debt financing costs
  
   
(5
)
  
   
   
   
(5
)
Purchase of non-controlling interest
  
   
   
   
   
   
 
Changes in intercompany balances
  
111
   
   
(433
)
  
(106
)
  
428
   
 
Contribution from Parent
  
   
   
515
   
   
(515
)
  
 
Net cash from financing activities
  
31
   
(142
)
  
79
   
(107
)
  
(87
)
  
(226
)
Effect of currency translation on cash
  
   
   
   
8
   
   
8
 
Net change in cash and cash equivalents
  
   
(84
)
  
7
   
60
   
   
(17
)
Cash and cash equivalents at beginning of period
  
   
102
   
5
   
216
   
   
323
 
Cash and cash equivalents at end of period
 
$
  
$
18
  
$
12
  
$
276
  
$
  
$
306
 

 
 
Fiscal 2016
 
 
 
Parent
  
Issuer
  
Guarantor
Subsidiaries
  
Non-
Guarantor
Subsidiaries
  
Eliminations
  
Total
 
Cash Flow from Operating Activities
 
$
  
$
103
  
$
566
  
$
188
  
$
  
$
857
 
 
                        
Cash Flow from Investing Activities
                        
Additions to property, plant and equipment
  
   
(13
)
  
(239
)
  
(36
)
  
   
(288
)
Proceeds from sale of assets
  
   
   
5
   
   
   
5
 
Investment in Parent
  
   
   
   
   
   
 
(Contributions) distributions to/from subsidiaries
  
(26
)
  
(2,234
)
  
   
   
2,260
   
 
Intercompany advances (repayments)
  
   
96
   
   
   
(96
)
  
 
Acquisition of business, net of cash acquired
  
   
   
(368
)
  
(1,915
)
  
   
(2,283
)
Other investing activities, net
  
   
(13
)
  
   
   
   
(13
)
Net cash from investing activities
  
(26
)
  
(2,164
)
  
(602
)
  
(1,951
)
  
2,164
   
(2,579
)
 
                        
Cash Flow from Financing Activities
                        
Proceeds from long-term borrowings
  
   
2,490
   
   
   
   
2,490
 
Repayment of long-term borrowings
  
   
(450
)
  
(23
)
  
(51
)
  
   
(524
)
Proceed from issuance of common stock
  
26
   
   
   
   
   
26
 
Payment of tax receivable agreement
  
(57
)
  
   
   
   
   
(57
)
Debt financing costs
  
   
(40
)
  
   
   
   
(40
)
Purchase of non-controlling interest
  
   
   
(66
)
  
(12
)
  
   
(78
)
Changes in intercompany balances
  
57
   
   
(238
)
  
85
   
96
   
 
Contribution from Parent
  
   
   
368
   
1,892
   
(2,260
)
  
 
Net cash from financing activities
  
26
   
2,000
   
41
   
1,914
   
(2,164
)
  
1,817
 
Effect of currency translation on cash
  
   
   
   
   
   
 
Net change in cash and cash equivalents
  
   
(61
)
  
5
   
151
   
   
95
 
Cash and cash equivalents at beginning of period
  
   
163
   
   
65
   
   
228
 
Cash and cash equivalents at end of period
 
$
  
$
102
  
$
5
  
$
216
  
$
  
$
323
 

 
 
Fiscal 2015
 
 
 
Parent
  
Issuer
  
Guarantor
Subsidiaries
  
Non-
Guarantor
Subsidiaries
  
Eliminations
  
Total
 
Cash Flow from Operating Activities
 
$
  
$
60
  
$
542
  
$
34
  
$
1
  
$
637
 
 
                        
Cash Flow from Investing Activities
                        
Additions to property, plant and equipment
  
   
(13
)
  
(164
)
  
(3
)
  
   
(180
)
Proceeds from sale of assets
  
   
   
18
   
   
   
18
 
Investment in Parent
  
   
   
   
   
   
 
(Contributions) distributions to/from subsidiaries
  
(18
)
  
18
   
   
   
   
 
Intercompany advances (repayments)
  
   
368
   
   
   
(368
)
  
 
Acquisition of business, net of cash acquired
  
   
   
(3
)
  
   
   
(3
)
Net cash from investing activities
  
(18
)
  
373
   
(149
)
  
(3
)
  
(368
)
  
(165
)
 
                        
Cash Flow from Financing Activities
                        
Proceeds from long-term borrowings
  
   
693
   
   
   
   
693
 
Repayment of long-term borrowings
  
   
(947
)
  
   
(4
)
  
   
(951
)
Proceeds from issuance of common stock
  
18
   
   
   
   
   
18
 
Payment of tax receivable agreement
  
(39
)
  
   
   
   
   
(39
)
Debt financing costs
  
   
(86
)
  
   
   
   
(86
)
Changes in intercompany balances
  
39
   
   
(408
)
  
2
   
367
   
 
Net cash from financing activities
  
18
   
(340
)
  
(408
)
  
(2
)
  
367
   
(365
)
Effect of currency translation on cash
  
   
   
   
(8
)
  
   
(8
)
Net change in cash and cash equivalents
  
   
93
   
(15
)
  
21
   
   
99
 
Cash and cash equivalents at beginning of period
  
   
70
   
15
   
44
   
   
129
 
Cash and cash equivalents at end of period
 
$
  
$
163
  
$
  
$
65
  
$
  
$
228